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Nov 27, 2012
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. >> obama is going to a toy factory, correct, tomorrow? a toy factory during the holiday shopping season ahead of christmas. >> tomorrow he will be meeting with ceos including goldman sachs and some will meet with the president in person. the president is making the case that he is meeting with every constituency out there. >> thanks for that wrap up. do you think his assessment is right that the markets freaked out? >> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going
. >> obama is going to a toy factory, correct, tomorrow? a toy factory during the holiday shopping season ahead of christmas. >> tomorrow he will be meeting with ceos including goldman sachs and some will meet with the president in person. the president is making the case that he is meeting with every constituency out there. >> thanks for that wrap up. do you think his assessment is right that the markets freaked out? >> i think in general if your catalyst is the u.s....
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Nov 30, 2012
11/12
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he has the opportunity to turn whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so focused on taxes and revenue? let's focus on spending cuts. what's your take on where to cut? seth, moments ago you said, you know, you can't put a knife to some of these entitlement programs. so what are we trying to do here? are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be bala
he has the opportunity to turn whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so...
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Nov 30, 2012
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obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments...
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Nov 16, 2012
11/12
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what you have in certainty is the obama health care bill and investment income taxes. what that means for everybody is that you're better off realizing gains on any stocks. i think apple is falling a lot because people have very big gains, and they'd rather capture those gains today at a rate that's lower than they -- >> so you know there are people out there for example selling the high yielders and dividend stocks. >> we know is there's a lot of tax realization. those dividend stocks have appreciated a lot in the last couple of years. so you have tax management. >> dan, what would you do right now? are you going to buy or sell here? >> we're certainly on the more negative side of things. with respect to the topic of the dividend payers, you can see since the election the top quintile of dividend payers have done terribly in relation to the rest of the market. the relationship is from the bottom left to the top right. if you don't pay a dividend, you are doing much better than if you do. >> you also have much appreciation in that time frame. i think we're going to see
what you have in certainty is the obama health care bill and investment income taxes. what that means for everybody is that you're better off realizing gains on any stocks. i think apple is falling a lot because people have very big gains, and they'd rather capture those gains today at a rate that's lower than they -- >> so you know there are people out there for example selling the high yielders and dividend stocks. >> we know is there's a lot of tax realization. those dividend...
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Nov 16, 2012
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. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe because after a couple of uglier days in the market, we're seeing something of a comeback now led by technology, retail stocks are also in the green, food and beverages, autos among the sectors dragging on the in-dek. we can take a closer look at the bourses. ibex is down. ftse 100 sam thing, so we'll keep an eye on all these levels as the show progresses this morning. the bond space is where we've been focusing our attention with spain and greece on. spain today seeing prices rise, yields coming down to 5.78%. italy seeing a bit of a rally, too. sello
. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe...
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Nov 30, 2012
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the top rate going to go up to 44%, including obama care. i think these two companies are going to offer great opportunities at these levels with their valuations to investors in a marketplace. >> what's very interesting, keith isn't with us but one thing i know he wanted to talk about was why he wasn't going to recommend buying guess even though they had a special dividend. that's a very interesting situation where a company's fundamentals may not be up to snuff. when does the special dividend get in the way or fool people into buying something they ought not be buying? >> i'll tell you one thing. i think over the next 6 to 12 months investors are not going to be so keen to get involved in companies that have these dividend because they know what they're going to get taxed on. you're going to see a rotation going into muni bonds. in the short term i think it will be a benefit to investors to have these companies. over the longer term they'll have to rethink in terms of the companies that are issue is these special dividend. >> thank you, ap
the top rate going to go up to 44%, including obama care. i think these two companies are going to offer great opportunities at these levels with their valuations to investors in a marketplace. >> what's very interesting, keith isn't with us but one thing i know he wanted to talk about was why he wasn't going to recommend buying guess even though they had a special dividend. that's a very interesting situation where a company's fundamentals may not be up to snuff. when does the special...
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Nov 6, 2012
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are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the weather has had on hurricane sandy? >> turnout is always key. we can project -- we have been projecting these things and debating them for the past few months, but it all boys down to today. and i think that the situations of the united states especially in the northeast corridor are definitely voted to do so. granted there will be some individuals who just won't be able to because they aren't in their district, they no longer have homes and they're dealing with much larger issues. but i think those that are able to vote will definitely come out and vote
are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the...
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Nov 30, 2012
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what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first term figured look, the president sooner or later will realize he needs jobs to get re-elected so will come onboard with pro-growth stuff and jobs he was able to, you know, to be re-elected at 7.9%. now you want a legacy that shows that you had a good economy and that you got the jobless rate down. so you are going -- i'm -- maybe there's just a disconnect between whether people that work for him really understand what generates economic growth and jobs and what doesn't. and -- i mean, we will transform society in a way that maybe is more positive for him, obama car
what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first...
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Nov 29, 2012
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geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfei
geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos...
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Nov 29, 2012
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president obama hopeful that it can be reached before christmas. eam eamon has more on this. >> for the past few days i've been on air explaining why markets are wrong to react to the washington boilerplate headlines. that's washington boilerplate but we did get some comments here last night in washington with lloyd blank fein and john harwood on air that i think are significant and will move the needle here on this deal. take a look at how lloyd blankfein said president obama explained it last night. >> the president was, you know, gave us a lot of time. he and the staff went through a very detailed plan of what the plan was for balancing the budget. devil in the details. there was a lot of details, and i would say i think there was a lot -- it was very credible. >> now, the political significance here of the head of goldman sachs calling the president's plan very credible is probably great news for the white house. it gives them the type of political cover they were look for from the ceo meeting. if you're a neutral person who doesn't care what t
president obama hopeful that it can be reached before christmas. eam eamon has more on this. >> for the past few days i've been on air explaining why markets are wrong to react to the washington boilerplate headlines. that's washington boilerplate but we did get some comments here last night in washington with lloyd blank fein and john harwood on air that i think are significant and will move the needle here on this deal. take a look at how lloyd blankfein said president obama explained...
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Nov 7, 2012
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president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also projecting mitt romney the winner in the state of kentucky with 8 electoral votes based on 5% of the polling data in. president obama is the projected winner in vermont as expected. that is 3 electoral votes. >> we still have too early to call in georgia according to nbc news, that is the same case in south carolina, too early to call, and in virginia, it is too close to call according to nbc news. so again, we are waiting on virginia and you mentioned a great point because virginia has been obama territory for so long. >> it was in the last e
president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also...
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Nov 27, 2012
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meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in cash and stock. the deal gives lehman cash to help pay its creditors as it liquidates. but it paid $22 billion for this company originall
meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand...
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Nov 27, 2012
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he's known boehner for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. >> carl, that's not just john boehner's job. it's also the job of eric cantor, the majority leader the on the democratic seed, harry reid and chuck schumer have to pull their flock behind any potential deal struck. that's not easy getting 60 votes the in the senate and the majority of the house. >> rangling cats on both sides, john. the president meeting with business executives at the white house, going to pennsylvania this week to visit a small business. all theater, or is there something bigger going on? >> he's trying to put pressure on the congress and generate mor
he's known boehner for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he...
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Nov 7, 2012
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obama put together a great jobs program. this nation does believe that this president is pulling this country forward. now it's really time for the legislature to get themselves together. i'm not a reflexive partisan. i feel sad that a moderate republican is leaving. i feel bad that dick doesn't get re-elected. i feel bad that warn hatch and mccain have to run hard to the right to defend themselves from tea party attacks. most of us are in the pragmatic center. >> but we know how difficult that can be. thinking back to some comments about private equity and how criticism of that should not go overboard. it seemed like he had to walk it back again. >> look, i'm -- newark, new jersey is going through the biggest economic development period. building the first new office towers in years. population is increasing for the first time. and that's because of bringing everybody together. training people for jobs. everybody woshing together around the same table. i support barack obama because i believe he brings the same spirit. the
obama put together a great jobs program. this nation does believe that this president is pulling this country forward. now it's really time for the legislature to get themselves together. i'm not a reflexive partisan. i feel sad that a moderate republican is leaving. i feel bad that dick doesn't get re-elected. i feel bad that warn hatch and mccain have to run hard to the right to defend themselves from tea party attacks. most of us are in the pragmatic center. >> but we know how...
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Nov 28, 2012
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has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this thought. over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting oba
has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this...
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Nov 13, 2012
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obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just fast food companies. it is industrial companies and it is media companies and it is -- is this why they are already laying off workers? >> there are -- that's one reason. larger industrial companies that provide health insurance are going to find there are winners in ending their own health insurance and dumping their work others the exchange and paying the penalty. but it is -- low wage jobs. entry-level jobs. low-skill jobs. the kind that people need to get their foot on the first rung of the career ladder. those are reall
obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just...
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Nov 5, 2012
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should obama take credit for apple's huge run? by the same token, the romney surge began when apple was in the 700s. does that mean romney is gunning for apple? seems pretty stupid if you ask me. this is about management, raw brain power and product differentiation, not politics. somehow, maybe someone can conclude that obama's been terrible for yahoo!. it dropped from 27 to 17. google is up fractionally over the last five years. again, ridiculous, irrelevant. how about retail. this is interesting because you could certainly claim that because of, say, unemployment that obama is involved with, that obama has been terrible for the consumer. when you consider jcpenney, radio shack, sears, best buy. it declined 57%, 88%, 69% respectively. but it's been the age of walmart, home depot and costco during the last four years. home depot advanced from 29 to 62. maybe the obama administration has made the consumer schizophrenic. or much more likely, perhaps walmart, home depot and costco are just better run, especially when you consider the
should obama take credit for apple's huge run? by the same token, the romney surge began when apple was in the 700s. does that mean romney is gunning for apple? seems pretty stupid if you ask me. this is about management, raw brain power and product differentiation, not politics. somehow, maybe someone can conclude that obama's been terrible for yahoo!. it dropped from 27 to 17. google is up fractionally over the last five years. again, ridiculous, irrelevant. how about retail. this is...
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Nov 14, 2012
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after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign mode, i'm sure one of your advisers is saying that going off the fiscal cliff might be the best thing in terms of the midterm election. worse, if you are a democrat, you might think the defense spending cuts could be coming and you might think that is good. there is a sense that those who want to stymie the president are going to be targeted by other politicians, business people, and yes, they will be targeted by us. you stand in the way of a deal, your principle is greater layoffs and lower standards of living and your principle is lower stock prices. the pressure of the business people putting on the government you get a deal spearheaded by our guest dave cote is greater than anything i have seen in our life and it is growing. that is why th
after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign mode, i'm sure one of your advisers is saying that going off the fiscal cliff might be the best thing in terms of the midterm election. worse, if you...
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Nov 27, 2012
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the author of "get rich from obama" joins us. rebecca, i want to ask you, i'm kind of looking for optimism because i think the consumer spending numbers are pretty good. housing numbers are improving, but you do have this whacked out fiscal cliff. where do you stand on all of this? >> i think washington has the ability to give this economy momentum, new home sales are ticking higher and consumer confidence now at a five-year high, kind of amazing, so we have everything in place. just need to get rid of this congressional question mark overhanging everything, and then i think we could actually have an okay year next year. >> are you worried about business. the starry last week in "the journal" is how business investment was collapsing and capital goods have been falling and we're going to get a capital goods/durable goods report out tomorrow. if business doesn't invest they won't hire jobs and if they don't hire new jobs they won't have income to spend. what's your quick thought on that? >> i agree. it's a chicken and an egg. if t
the author of "get rich from obama" joins us. rebecca, i want to ask you, i'm kind of looking for optimism because i think the consumer spending numbers are pretty good. housing numbers are improving, but you do have this whacked out fiscal cliff. where do you stand on all of this? >> i think washington has the ability to give this economy momentum, new home sales are ticking higher and consumer confidence now at a five-year high, kind of amazing, so we have everything in place....
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Nov 22, 2012
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this is obama's economy. this is obama's issue. if obama wants it pass that in the house, he has it find a group of republicans that will peel off from the rest of the republicans and good along with the democrats it pass this other stuff. but otherwise, i don't see any incentive in the president's part to not extend a large portion of the tax cuts if he can. i don't think he ever wants it see the whole thing go over the cliff. >> i mean, you have to remember that he does -- as you guys have both suggested, he does want to extend a large portion of the tax cuts. that's 98% of them. it's the top 2% of house holds, that not only he, but a majority of the lek electorate and and the polls, and a nonpartisan poll keeper says in the 2013 if the top two rates expire, we are talking about a tenth of a percent on gdp. isn't that worth the cost of getting on a bitter budget path, guys? work with me here. >> jared, come on, help me here. these people you are raising taxes on are job creators. this is the worst group you could raise tax rates
this is obama's economy. this is obama's issue. if obama wants it pass that in the house, he has it find a group of republicans that will peel off from the rest of the republicans and good along with the democrats it pass this other stuff. but otherwise, i don't see any incentive in the president's part to not extend a large portion of the tax cuts if he can. i don't think he ever wants it see the whole thing go over the cliff. >> i mean, you have to remember that he does -- as you guys...
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Nov 6, 2012
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the reason michael bloomberg endorsed obama is because he thinks obama will do more to prevent climate change. and there lies the difference between the two men and what would change if obama is defeated tomorrow. you see, romney doesn't talk about renewables as much as he talks about the need to become energy self-sufficient in north america by producing and using more fossil fuels. he knows how irrelevant renewables really are to self-sufficiency within our lifetime. i bet you offline he thinks it's a cynical gambit. a romney administration will immediately give the boot to the anti fossil fuel ideologues in the epa, which will make so it that we don't need to commit to making coal plants 100% free. that's why you should buy peabody, arch and aep real fast. if you actually think that romney is going to win. then you can expect that we'll immediately exploit federal lands for more drilling, which is a reason to buy halliburton and schlumberger. it won't mean as much to them. the natural gas stocks, i think they'll actually rally quickly under the perception that romney will go less so
the reason michael bloomberg endorsed obama is because he thinks obama will do more to prevent climate change. and there lies the difference between the two men and what would change if obama is defeated tomorrow. you see, romney doesn't talk about renewables as much as he talks about the need to become energy self-sufficient in north america by producing and using more fossil fuels. he knows how irrelevant renewables really are to self-sufficiency within our lifetime. i bet you offline he...
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Nov 8, 2012
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that's one i know president obama has talked about. tim geithner has been adamantly opposed to that. you think that's going to happen, jared? >> first of all, the president has a plan to go down to 28%. it does not include territorial. i don't think we're going to go there. nor is anyone interested in repatriation. i would like diana to actually specify -- this is not a got ya. we can talk about this broadening the base. i would like her to specify loopholes that she would like to see closed. >> are you talking about individual or corporate? >> yeah, on the individual side. >> on the individual side i would suggest that people have a certain amount of deductions they can take and they can choose how to do it. so say we say it's $25,000 or $70,000 or $30,000. they can choose do they want to put home mortgage in there, do they want to put charitable dedd deductions in there. then we limit it that way instead of saying we're going to get rid of the charitable contributions. >> i think that's a good idea. >> so we agree on something, jared
that's one i know president obama has talked about. tim geithner has been adamantly opposed to that. you think that's going to happen, jared? >> first of all, the president has a plan to go down to 28%. it does not include territorial. i don't think we're going to go there. nor is anyone interested in repatriation. i would like diana to actually specify -- this is not a got ya. we can talk about this broadening the base. i would like her to specify loopholes that she would like to see...
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Nov 7, 2012
11/12
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obama won. now, you're going to have to reconcile that in order to get anything done. >> we've got to go to ohio because, you know, here we are hearing that the romney campaign is contesting this. this win out of ohio. >> not conceding. >> not conceding, not conceding, pardon me. let's get to scott cohn, live, i want to get the flavor live on the ground in ohio. scott, what can you tell us? >> reporter: first of all when ohio is the state that put romney over the top as many suggested, you get the reaction from the very pro-obama crowd here. but let me take you through what the issue is with ohio and why, perhaps, the romney camp is not conceding it yet. the two candidates with the raw vote totals now, about 75% of the raw votes in, separated by about 30,000 votes. that's not enough when you start figuring in the provisional ballots. remember we talked about 200,000 provisional votes that -- provisional votes likely to be counted. they start count of that in ten days. here's the thing the obama
obama won. now, you're going to have to reconcile that in order to get anything done. >> we've got to go to ohio because, you know, here we are hearing that the romney campaign is contesting this. this win out of ohio. >> not conceding. >> not conceding, not conceding, pardon me. let's get to scott cohn, live, i want to get the flavor live on the ground in ohio. scott, what can you tell us? >> reporter: first of all when ohio is the state that put romney over the top as...
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Nov 8, 2012
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bush, not obama, for the economy. and according to exit polls, 40% of voters believe the economy is getting better. plus, and here's where i really missed it, of those who do worry most about the economy, they split their vote evenly between obama and romney. in fact, the same on budget deficits. mitt romney apparently did not make the sale. now, voters do oppose tax hikes according to these polls and they did trust romney more on keeping taxes down. but interestingly, they trusted obama more in getting unemployment down. and here too mitt romney did not make the economic growth sale. two other quick points. first, romney lost the hispanic point by 40 points. 70-30. devastating. as i have repeatedly said down through the years, if the gop doesn't develop a more compassionate and opportunity-centered immigration policy, it is never going to win another presidential election in my lifetime. and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of th
bush, not obama, for the economy. and according to exit polls, 40% of voters believe the economy is getting better. plus, and here's where i really missed it, of those who do worry most about the economy, they split their vote evenly between obama and romney. in fact, the same on budget deficits. mitt romney apparently did not make the sale. now, voters do oppose tax hikes according to these polls and they did trust romney more on keeping taxes down. but interestingly, they trusted obama more...
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Nov 2, 2012
11/12
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here they are under president obama. beginning in february '09, this is how republicans would look at it. 580,000. that's the right number, folks. another number out there is the wrong number. i talked to the senior in the division of labor statistics. some democrats say you can't blame obama for the first three months but it was a huge decline before any of his policies took over. $2.1 million would be the number. if you take that out. congress says forget about democrat or republican, what about the cycle from the beginning of president obama's term through the trough in jobs that was minus 3.2 million, from the trough we're now plus 4.3 million. the time period over obama's presidency, ss aboit is about a. it is up a tick. it began at 7.8%, but all the way up to 10%, then a slow halting ride down. don't think these numbers will change anybody's point of view when it comes to the election but those are the numbers right now. >> mr. romney has been pointing out that the unemployment rate is higher -- by .01%. >> you say
here they are under president obama. beginning in february '09, this is how republicans would look at it. 580,000. that's the right number, folks. another number out there is the wrong number. i talked to the senior in the division of labor statistics. some democrats say you can't blame obama for the first three months but it was a huge decline before any of his policies took over. $2.1 million would be the number. if you take that out. congress says forget about democrat or republican, what...
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Nov 21, 2012
11/12
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president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and this is the result that president obama had in mind when he sent hillary clinton from that asian trip that he was on to try to broker a cease-fire. but it's only a cease-fire. it is only one step. there is a long way to go. the administration of course is caught between support for our traditional ally israel, but also the desire for -- by the administration to improve its ties throughout the arab world and the islamic world and this has been a very difficult situation. the president hasn't been all that engaged after an early attempt early in his administration to broker a middle east peace deal. now he's back in it with both feet and we'll see the prospects for getting it done. this has frustrated american presidents offense a very long period of time but you simply -- the administration did not want to ri
president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and this is the result that president obama had in mind when he sent hillary clinton from that asian trip that he was on to try to broker a cease-fire. but it's only a cease-fire. it is only one step. there is a long way to go....
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Nov 22, 2012
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. >> in july 2010, president obama signed the dod-frank act. it addresses many of the regulatory lapses in the commodities market. among other things, it limits the amount of commodity futures that speculators can hold. it makes it easier for the commodities future trading commission to investigate suspected market manipulation, and it empowers the agency to regulate energy derivatives, which enron used to drive up the price of electricity in california. [ticking] coming up, a herculean effort to find oil in a desert wilderness. >> the logistics are impossible. the first thing we had to do is build our own road in order to access this field. >> just to get here. >> just to get here. once that was done, we had to remove 100 million cubic feet of sand just to make the runway. >> that's when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can
. >> in july 2010, president obama signed the dod-frank act. it addresses many of the regulatory lapses in the commodities market. among other things, it limits the amount of commodity futures that speculators can hold. it makes it easier for the commodities future trading commission to investigate suspected market manipulation, and it empowers the agency to regulate energy derivatives, which enron used to drive up the price of electricity in california. [ticking] coming up, a herculean...
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Nov 6, 2012
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look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the election. let's look at the overall vote which comes from nbc/"wall street journal." likely voters, a split electorate. you would think unemployed would break in favor of the challenger. doesn't happen. 48-48 among those who have been unemployed in the last four years or someone in the household has been unemployed. if only someone in the household, they break 51-48. if he are unemployed they break by five percentage points in favor of obama. that's the national level. what about the state level? again, it's a confused picture. first you look at this map. darker is worse for unemployment. what's dark? new york is dark. in higher third of unemployment. what else is dark? california is dark. these are s
look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the election. let's look at the overall vote which comes from nbc/"wall street journal." likely voters, a split electorate. you would think unemployed would break in favor of the...
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Nov 19, 2012
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during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging onto those gains. we rallied in the open. the dow's up 177. >> i could see you at a cafe with a cigarette hanging out. >> you haven't seen anything yet. find out why our next guest says even bigger gains are on the horizon if things go the way he thinks they're going. >> walmart moving up its dividend payout from january up to december to avoid the looming fiscal cliff tax increase. should companies and investors be making these huge decisions based on uncertainties? we'll look at that coming up. when you take a closer look... ...at the best schools in the world... ...you see they all have something very inte
during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging...
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Nov 27, 2012
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president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders
president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>>...
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Nov 28, 2012
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so that accomplishes what president obama's asking for. now he has to reach back and say, yes, we're going to find some savings to truly -- >> senator hoeven, i know you are aware of our rise above campaign here on cnbc. here is a button. we hope you will wear it proudly. this is a north dakota edition of "power lunch." >>> well, whether to say with the norquist no tax hike pledge is now hot debate for republicans as you can see right there in washington. the once belle of the ball is now being pushed aside. politico's chief white house correspondent mike allen spoke with mr. norquist this morning. welcome to "power lunch." mr. norquist didn't seem to soften at all. as a matter of fact from what i've read, he kind of bristled. one quote from the debrief will you this morning was the party cannot have its fingerprints on the murder weapon, meaning raising taxes. how do you see this all playing out? we just heard from a senator who did not sign his pledge. you know, is mr. norquist now really be pushed aside by the party? >> grover norquist
so that accomplishes what president obama's asking for. now he has to reach back and say, yes, we're going to find some savings to truly -- >> senator hoeven, i know you are aware of our rise above campaign here on cnbc. here is a button. we hope you will wear it proudly. this is a north dakota edition of "power lunch." >>> well, whether to say with the norquist no tax hike pledge is now hot debate for republicans as you can see right there in washington. the once belle...
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Nov 20, 2012
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i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right now when they have their backs against the fiscal cliff. >> but that's not what they're doing. we doncontinue to see everybody digging in. why should republicans allow the tax increases for highest earners, and why should dems give in on the spending cuts the republicans want? what is it going to take to get these two sides together? >> the democrats should give in. the fact is they should give in because we have an actual fiscal crisis. we have a real debt ceiling. that's the national debt. this is going to, what, chip away 7% of the deficit, lettin
i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right...
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Nov 9, 2012
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president obama. the bottom of the hour more from steve on the candidates to head the treasury department after geithner steps down. as we head to a break look at u.s. equity futures ticking lower in the last few minutes. i don't like to bring you that news but we'll keep you updated. >> part of it is comments out of greece. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only co
president obama. the bottom of the hour more from steve on the candidates to head the treasury department after geithner steps down. as we head to a break look at u.s. equity futures ticking lower in the last few minutes. i don't like to bring you that news but we'll keep you updated. >> part of it is comments out of greece. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he...
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Nov 12, 2012
11/12
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with president obama's relection last week, it could be four more years before this happens. since the president hasn't done anything to promote this cleaner, more abundant fuel that is, well, let's just put it this way, it's certainly a lot better than importing diesel which brings me to west it is port innovations. they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar. westport stock has been savaged over the last couple months. the company preannounced disappointing results at the end of october. last wednesday it got hit by a sell initiation from goldman sachs, brutal. the very next day reported a larger than expected loss. after getting pounded down to the low 20s, they rebounded on friday. rallied more than 9%. the company announce the they would start producing the first long haul truck engine next year. that can be a sign that maybe things bottomed. long term the stock has given us a double since i first got behind it in january 2010. but now it's do
with president obama's relection last week, it could be four more years before this happens. since the president hasn't done anything to promote this cleaner, more abundant fuel that is, well, let's just put it this way, it's certainly a lot better than importing diesel which brings me to west it is port innovations. they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar....
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Nov 14, 2012
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later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. f we go over the fiscal cliff, how could it affected taxes for everyone? the answer is different groups will be affected very differently. steve liesman has more on the numbers. >> what we do know is if we go over the cliff, no change in what is mandated by those rules. everybody will pay more. we've divide
later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth!...
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Nov 8, 2012
11/12
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obama isn't known for his love of energy but i think everyone is starting to agree that a real economic boost for this nation could be a domestic energy policy and us being -- get tlag going with natural gas and more drilling here. energy's one of the favorite areas in the hodges small cap fund. >> then go fill up a cracker barrel. thank you both. >> small cap fund is up by 16% year to date. >>> we've been asking you on twitter -- now that the election is over, what's it going to take to get you interested in owning stocks again? here are some of your responses. clarity in the tax code. dividend stocks are likely to get a lot less attractive. >> business and stock ownership is still the best way to build growth in america. another said ask me again in four years. answer now is nothing. >> i still remain more worried about europe than the fiscal cliff. >>> on deck -- tax hike? yes, please. california voters say yeah to higher taxes. but are they also about ready to say yes to max exodus to texas? >>> maybe even sydney. >>> later on, contact high. is it high time for yaall state to just s
obama isn't known for his love of energy but i think everyone is starting to agree that a real economic boost for this nation could be a domestic energy policy and us being -- get tlag going with natural gas and more drilling here. energy's one of the favorite areas in the hodges small cap fund. >> then go fill up a cracker barrel. thank you both. >> small cap fund is up by 16% year to date. >>> we've been asking you on twitter -- now that the election is over, what's it...
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Nov 14, 2012
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the fiscal cliff, about a dozen ceos are scheduled to meet with president obama. ken shenalt of american express. among the corporate leaders, lloyd blankfein, in an op-ed, the goldman sachs ceo says the obama administration should model itself after the roosevelt administration, back to the great depression and world war ii. blankfein notes in the 19 there was, quote, extreme bitterness between the business community and the roosevelt administration, but two sides worked together and spurred an increase in industrial production that lifted the united states out of the great depression. blankfein also writes there's more than $1 trillion of cash sitting on the balance sheets of non-u.s. financial companies with certainty about tax rates, companies will increase their capital expenditures, currently at anemic levels. he goes on to add that broadening the personal income tax base by closing loopholes will generate substantial additional revenue while minimizing increases in marginal rates that could stifle risk taking and robust growth. blankfein also stresses the i
the fiscal cliff, about a dozen ceos are scheduled to meet with president obama. ken shenalt of american express. among the corporate leaders, lloyd blankfein, in an op-ed, the goldman sachs ceo says the obama administration should model itself after the roosevelt administration, back to the great depression and world war ii. blankfein notes in the 19 there was, quote, extreme bitterness between the business community and the roosevelt administration, but two sides worked together and spurred...
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Nov 28, 2012
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the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent this year. the revenue is almost identical. 2007 to this year. the issue is not can we raise more taxes. the issue is we increased spending a trillion dollars and our simple push is to say why don't we look at spending? that's the major issue. we can't keep raising taxes and saying we'll just keep raising taxes as long as we raise spending. we're overspending. everyone is looking at congressional republicans saying what are you going to do on tax? no one is looking at democrats sa
the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second...
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Nov 1, 2012
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president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergency vehicles and that will be that way for the foreseeable future. but here's the state of sandy recovery in new jersey. the death toll has climbed to 14 in the garden state. nearly 2 million residents are still without power. and over 4,000 people remain in shelters here in new jersey. there's actually a big shelter here nearby in toms river. one of the onlien wog in the state that actually allows pets, so you can imagine how crowded that one is. but here recovery will be a long process. for residents who live here full-time or formerly lived here full-time, you can imagine that the first call is to fema. 2,000 representatives on the ground. and they expect fema will be able to give them more immediate help versus the longer claims process from insurance compan
president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergency vehicles and that will be that way for the foreseeable future. but here's the state of sandy recovery in new jersey. the death toll has climbed to 14 in the garden state. nearly 2 million...
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Nov 15, 2012
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yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say there's strong recognition of the significant of getting a deal for the ben fft t benefit of the american public. >> this is all about trying to make american business more competitive, trying to have a fair balanced approach to tax refo reform. the president was clear he wants a balanced approach and we were clear we are behind him. >> top the president and top member of congress will be meeting. cnbc is urging leaders to rise above partisan rhetoric to try to find a solution and in that spirit, we have two guest hosts. first of all, george p. bush, and jared bernstein, both joining us to talk about poli
yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say...
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Nov 19, 2012
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tide of foreclosures, the commissioner of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borrowers with their mortgages. but banks have been slow to modify the terms of those loans. >> the fact of the matter is, these programs are designed to affect those who are most at risk, who are unable to make their payments, and it does require the investor, the servicer, to participate. >> the decision to walk away from the sinking home by people who can afford to pay is spreading like a virus, because as one person on the street does it, the next-door neighbor says, "what am i doing? why am i putting all this money into this almost worthless house?" >> the concern has to be-- for someone who's gonna take that move--is that they have to be so deeply in negative equity that they're willing to damage their credit, damage their financial reputation going forward. if you get foreclosed on in your home--you walk away from your mortgage when you could have afforded it, particularly-- that
tide of foreclosures, the commissioner of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borrowers with their mortgages. but banks have been slow to modify the terms of those loans. >> the fact of the matter is, these programs are designed to affect those who are most at risk, who are unable to make their payments, and it does require the investor, the servicer, to...
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Nov 19, 2012
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power lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather, during which the president met with business, labor, civic leaders and congressional leaders. and the most important thing from our perspective are, one, to ensure that middle class and working class tax cuts are sustained in the negotiations, and then number two, to ensure that any of the steps that are taken do not affect negatively on the fragile recovery and the job creation which is beginning to take place. and thirdly, to ensure that america's most vulnerable citizens, those who have been damaged by the recession in a very big way, do not have to bear disproportionate share of the burden to get us to a gr
power lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather,...
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Nov 13, 2012
11/12
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four more years of obama administration, people are looking down, it's going to be a tough way for the guys to make money going forward. >>> coming up next, lots of fear around the fiscal cliff. there might be one sweet side effect of the looming. a windfall. and we'll give you names to make the most of it. straight ahead. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in
four more years of obama administration, people are looking down, it's going to be a tough way for the guys to make money going forward. >>> coming up next, lots of fear around the fiscal cliff. there might be one sweet side effect of the looming. a windfall. and we'll give you names to make the most of it. straight ahead. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible...
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Nov 30, 2012
11/12
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. >> president obama is meeting with high profile chief executive officers today to talk about country's fiscal issues. >> we're here to support doing the right thing and putting america back to work. >> we don't legislate but we know the consequences of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. >> i'm optimistic we'll continue to work together. >> our ultimate goal is an agreement that gets long-term deficit under control in a way that is fair and balanced. >> stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we have said it. we've said it. we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to a congressional republican aides who have talked to "the wall street journal," they obtained a copy of the white house prover here in the ne
. >> president obama is meeting with high profile chief executive officers today to talk about country's fiscal issues. >> we're here to support doing the right thing and putting america back to work. >> we don't legislate but we know the consequences of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. >> i'm optimistic we'll continue to work together. >> our ultimate goal is an agreement that gets...
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Nov 19, 2012
11/12
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did you see over the weekend president obama was in bangkok confident a deal could be made. geithner sounded confident a deal could be made. it's funny. a number of guys this weekend mentioned to me the signs to buy would not come from congress. it's going to come from the irs. a number of guys have been mentioning it's likely the deal looks possible or even very likely. the irs will issue a directive to everybody essentially telling everybody not to change withholding rates if we look like we have a deal. that's exempting the top 2% of course. when you get that even if you don't have a deal, that's a detectivi directive that the thing will happen there. keep your book light. a lot of guys play different books. 60% long, 40% short. a lot of guys a good part of their books are now in the cash side right now. the important thing is looking at some of these hedge fund returns, most returns are up 4%, 5%, 6%. somewhere around there. the s&p is up 8%. most of them are still under performing on the year. you mentioned the impact on sandy and manufacturing. this certainly makes sen
did you see over the weekend president obama was in bangkok confident a deal could be made. geithner sounded confident a deal could be made. it's funny. a number of guys this weekend mentioned to me the signs to buy would not come from congress. it's going to come from the irs. a number of guys have been mentioning it's likely the deal looks possible or even very likely. the irs will issue a directive to everybody essentially telling everybody not to change withholding rates if we look like we...
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Nov 21, 2012
11/12
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president obama wasn't interested in a deal because he didn't have much leverage. that meant any deal would favor the republicans and alienate his core constituencies. you fast forward to now, look, all negotiations go through ups and downs, but the bottom line is that both sides need a deal. if the republicans push us off the fiscal cliff, they will be blamed for the subsequent recession and they'll pay the price in 2014. president obama also needs a deal because history doesn't remember who the speaker of the house was during a period of weak economic growth. the president gets the credit or the blame. he's going to be written about for 300 years and he does not want to preside over eight years of the weakest growth in u.s. history. so, he needs a deal so that the next four years are better than the last four years. >> we'll see. obviously, still the opening days of this process. charlie, the fed chairman in new york yesterday referring to these talks, reiterating how important it is they get done. he coined the term, fiscal cliff, "the washington post" today say
president obama wasn't interested in a deal because he didn't have much leverage. that meant any deal would favor the republicans and alienate his core constituencies. you fast forward to now, look, all negotiations go through ups and downs, but the bottom line is that both sides need a deal. if the republicans push us off the fiscal cliff, they will be blamed for the subsequent recession and they'll pay the price in 2014. president obama also needs a deal because history doesn't remember who...
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president obama will stay president obama. re-elected overnight. he'll remain the 44th president of the united states. as for the houses of congress, the house of respectives will remain in republican control and in the senate the democrats will keep the control there. the democrats could increase their governing margin in the senate. there are two races still too close to call, stay with us for that, but first soledad with market reaction. >>> thank you very much. let's go right to ali velshi and christine romans. >> you just heard from andrew stevens that asia was flat. asian markets have closed and european markets opened with u.s. stock futures up a little bit, but i wouldn't be surprised if they turned around. because this is what people expected. they expect what investors expect. they expected the president would be re-elected. >> we don't need a big distinguish here. barack obama is not bad for business. and democrats are not bad for the stock market. this socialist president got you a double in the stock market in the last four years. but
president obama will stay president obama. re-elected overnight. he'll remain the 44th president of the united states. as for the houses of congress, the house of respectives will remain in republican control and in the senate the democrats will keep the control there. the democrats could increase their governing margin in the senate. there are two races still too close to call, stay with us for that, but first soledad with market reaction. >>> thank you very much. let's go right to...
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i had 281 for obama. he predicted 303 for obama. right now he's hoping obama doesn't win florida so his number will stay the same. >> we've got to take a short break when we come back in just a moment we're going to talk about the asian market the reaction overnight to the president's re-election. we'll also talk about what wall street's going to be thinking. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away
i had 281 for obama. he predicted 303 for obama. right now he's hoping obama doesn't win florida so his number will stay the same. >> we've got to take a short break when we come back in just a moment we're going to talk about the asian market the reaction overnight to the president's re-election. we'll also talk about what wall street's going to be thinking. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can...